Examples of Third-Party Sender in a sentence
No. Failure of an Originator to fund its credit file is not a valid reason for the Third- Party Sender to reverse the file.
Additionally, a Third Party Sender must perform all obligations under the ACH Rules.
The Participating DFI, Third-Party Service Provider or Third Party Sender must retain proof that is has completed an audit of compliance in accordance with these rules.
Customer warrants to Bank that the Third Party Sender has agreed to assume the responsibilities of an Originator under NACHA Rules and that ACH Entries shall not be initiated in violation of laws of the United States.
Originating Financial Institutions will obligate an Originating Company or Third Party Sender through the warranties in their ACH origination agreement or terms & conditions.